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☆ Bernie Sanders calls out Trump pausing student-loan payments as a reason why Biden's debt relief plan is legal
▼ + stars: | 2023-01-06 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +4 min

Trump used the HEROES Act to extend the student-loan payment pause in March 2020. Biden used the same law to cancel up to $20,000 in student debt for federal borrowers, but that plan is held up in court. Sen. Sanders said Trump's past usage of the Act supports the legality of Biden's broad relief plan. "Let's be clear: If Trump had the authority to pause student debt payments, President Biden has the authority to cancel student debt," Sanders wrote on Twitter on Friday. "The Supreme Court must reject the Republicans' baseless lawsuits to take away student debt relief to 40 million Americans who desperately need it."

☆ Elizabeth Warren calls for the Supreme Court to reject the 'baseless lawsuits' that blocked Biden's student-loan forgiveness from reaching 'millions of working people in need of relief'
▼ + stars: | 2023-01-05 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +4 min

Sen. Elizabeth Warren called for the Supreme Court to uphold Biden's student-debt relief. It followed the Justice Department filing a defense of the relief to SCOTUS on Wednesday night. On Wednesday night, the Justice Department filed its fulled legal defense of President Joe Biden's plan to cancel up to $20,000 in student debt to the Supreme Court, ahead of oral arguments beginning on February 28. "The Biden Justice Department has made clear to the U.S. Supreme Court that cancelling student debt is legal under the HEROES Act and critical to millions of working people in need of relief," Warren wrote on Twitter after the legal defense was filed on Wednesday. Biden's administration has not yet commented on what alternative routes, if any, it would pursue if the Supreme Court ends up striking down the relief, noting that its focus right now is the current and ongoing litigation.

☆ Biden admin defends stalled student loan plan in Supreme Court brief
▼ + stars: | 2023-01-05 | by ( ) www.reuters.com time to read: 1 min

Jan 4 (Reuters) - The U.S. Justice Department late on Wednesday filed a brief with the Supreme Court defending President Joe Biden's student debt relief plan and arguing that Education Secretary Miguel Cardona had clear authority to provide the loan forgiveness. Biden announced in August that the U.S. government would forgive up to $10,000 in student loan debt for borrowers making less than $125,000 a year, or $250,000 for married couples. Students who received Pell Grants to benefit lower-income college students would have up to $20,000 of their debt canceled under the plan, which has been on hold due to legal challenges. Reporting by Kanishka Singh and Andrea Shalal, editing by Dan WhitcombOur Standards: The Thomson Reuters Trust Principles.

☆ Biden's administration just filed a full legal defense of its student-loan forgiveness plan to the Supreme Court, saying the debt relief falls 'comfortably' within the law
▼ + stars: | 2023-01-05 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +4 min

The Justice Department filed a defense of Biden's student-debt relief to SCOTUS on Wednesday night. This filing comes ahead of February 28, when the Supreme Court is set to hear oral arguments on the two lawsuits that have blocked the implementation of the debt relief. The other lawsuit was filed by two student-loan borrowers who sued because they did not qualify for the full $20,000 amount of relief. Another primary argument Biden's administration has pushed back on is the idea that the debt relief would harm MOHELA. The Justice Department argued MOHELA is a separate entity from Missouri and should not be considered alongside harms to the state.

WASHINGTON, Jan 4 (Reuters) - The U.S. Justice Department late on Wednesday filed a brief with the Supreme Court defending President Joe Biden's plan to cancel billions of dollars in federal student loans, arguing that two cases lacked standing to challenge the debt relief. Biden in August said the U.S. government would forgive up to $10,000 in student loan debt for borrowers making less than $125,000 a year, or $250,000 for married couples. Students who received Pell Grants to benefit lower-income college students would have up to $20,000 of their debt canceled under the plan. In fact, the Justice Department said, the HEROES Act expressly exempted the department from notice and comment procedures. Over 16 million borrowers have already been approved for debt relief and millions more have applied.

☆ How 10 student-loan borrowers are coping with the highs and lows of Biden's debt relief announcement
▼ + stars: | 2022-12-26 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +3 min

Biden announced up to $20,000 in student-debt relief at the end of August. Since then, two lawsuits have blocked the plan, and its fate rests with the Supreme Court. Here are 10 borrowers' stories on what they have experienced since Biden's August announcement. Since the loan forgiveness had an income cap, the Education Department was unable to automatically cancel the debt and needed until October to make an online application available for borrowers. Conservative groups used that time to file lawsuits to block the relief, and Biden's administration responding by further narrowing the eligibility for the relief to exclude some borrowers with privately-held loans to avoid litigation.

☆ Why Biden's student-loan forgiveness ignited a debate over the fairness of debt relief, according to an ethicist
▼ + stars: | 2022-12-18 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +7 min

Dr. Kate Padgett Walsh, a debt ethicist, said those people view fairness "too narrowly." President Joe Biden arrived at an answer at the end of August – he would cancel up to $20,000 in student debt for federal borrowers making under $125,000. "Our student debt relief program will help borrowers most at risk of delinquency or default from the pandemic get back on their feet," Education Secretary Miguel Cardona wrote on Twitter. Senate Minority Leader Mitch McConnell said in August that Biden's plan to cancel student debt is "astonishingly unfair." "The financing of higher education is now so broken that we need to think about these questions of fairness and justice."

☆ Student loan forgiveness is headed to the Supreme Court. What that means for the payment pause
▼ + stars: | 2022-12-16 | by ( Annie Nova | ) www.cnbc.com time to read: +5 min

The pandemic-era relief policy suspending federal student loan bills and the accrual of interest has been in effect since March 2020. That development is why borrowers have gotten even more time without a student loan bill. Student loan bills could resume as soon as May 1The Education Department has left things a little open-ended when it comes to the timing of federal student loan payments resuming. During the extended payment pause, however, the Education Department is also ceasing all collection activity, it said. And while interest rates on federal student loans are at zero, it's also a good time to make progress paying down more expensive debt, experts say.

More than 40 million borrowers like Morales-Bartlett were eligible to cancel up to $20,000 in federal student loan debt under President Joe Biden’s one-time student loan forgiveness plan. Meanwhile, the pandemic-era federal student loan repayment pause has been extended while the government awaits the court’s decision. The average federal student loan debt nears $30,000. Brown’s son still has about $50,000 in student debt despite being one of the thousands of North Carolinians who received some student loan relief as part of a multistate settlement with Navient, one of the nation’s largest student loan servicers, over allegations of unfair and deceptive student loan servicing and predatory lending practices, according to Pennsylvania Attorney General Josh Stein's office. He also applied to the currently blocked student loan forgiveness program and is waiting to hear back.

☆ The Supreme Court will hear Biden's student-loan forgiveness case in February. Here's what that means for millions of borrowers waiting for relief.
▼ + stars: | 2022-12-04 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +5 min

The Supreme Court agreed to hear oral arguments on Biden's student-debt relief in February. The good news is that President Joe Biden's debt relief isn't dead in the water — the Supreme Court agreed to hear arguments to the case early next year. In the meantime, all eyes are on the Supreme Court. The issue of standing has long been the focus of not only this specific lawsuit, but the other conservative lawsuits that have sought to block debt relief. "Our student debt relief program is necessary to help 40M eligible Americans struggling under the burden of student loan debt recover from the pandemic," Education Secretary Miguel Cardona wrote on Twitter.

☆ 9 million student-loan borrowers got an email in November with the wrong subject line informing them their debt relief has been approved. Corrections are coming.
▼ + stars: | 2022-12-03 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +4 min

9 million student-loan borrowers received an email in late November with a subject line that their debt relief had been approved. It should have stated the applications had been received, not approved — an error made by an Education Department contractor. However, that subject line was incorrect, Insider has learned — it was simply supposed to inform borrowers that their applications had been received with the subject line: "Update on Student Loan Debt Relief." The department has previously indicated that 26 million student-loan borrowers had already submitted applications for debt relief. "Our student debt relief program is necessary to help 40M eligible Americans struggling under the burden of student loan debt recover from the pandemic," Education Secretary Miguel Cardona wrote on Twitter on Thursday.

☆ Biden's administration asks the Supreme Court to take on another student-loan forgiveness lawsuit, saying the lower court blocking the debt relief 'profoundly erred'
▼ + stars: | 2022-12-02 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +3 min

The Biden administration asked the Supreme Court to pause another ruling that blocked student-debt relief. The Supreme Court decided Thursday it would hear arguments for a separate lawsuit that blocked relief. On Friday evening, Biden's Justice Department urged the Supreme Court to intervene in a lawsuit that blocked student-loan forgiveness last month. The administration also remains confident in the legal authority it has to enact broad debt relief as part of its pandemic recovery measures. "Our student debt relief program will help borrowers most at risk of delinquency or default from the pandemic get back on their feet," Education Secretary Miguel Cardona wrote on Twitter on Friday.

☆ The Supreme Court rejects Biden's attempt to quickly revive student-loan forgiveness — but it will take up the case early next year
▼ + stars: | 2022-12-01 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +3 min

The Supreme Court rejected the Biden administration's attempt to revive student-debt relief. Until then, the loan forgiveness remains blocked. The Court will hear oral arguments to the case in February 2023, but until then, the debt relief remains blocked. Since the end of October, the Education Department stopped processing borrowers' debt relief because the 8th Circuit Court of Appeals placed a temporary stay on the loan forgiveness. On November 14, the 8th Circuit decided the pause will remain in place, prompting Biden's administration to take matters to the Supreme Court and ask it to revive the debt relief.

☆ Biden's student-loan forgiveness remains blocked after another federal court rejects the administration's attempt to revive its debt relief
▼ + stars: | 2022-12-01 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +3 min

It was in response to Biden's appeal to the court after a Texas judge blocked the relief. Separately, the Supreme Court is expected to rule on an 8th Circuit decision also blocking relief. On Wednesday night, a three-judge panel in the 5th Circuit Court of Appeals ruled that it would not grant the Biden administration's request to pause a district court decision that blocked the implementation of student-loan forgiveness. The Supreme Court has not yet issued a decision on whether it will grant the Biden administration's request to revive debt relief for millions of borrowers. Now, the fate of student-debt relief appears to rest at the Supreme Court.

☆ Meet a Republican who would have all $10,000 of his student loans canceled under Biden's plan but thinks it's an unfair policy
▼ + stars: | 2022-11-27 | by ( Juliana Kaplan | Ayelet Sheffey | ) www.businessinsider.com time to read: +7 min

He told Insider he wasn't surprised to see court challenges and worried for people who got refunds. Since Biden announced his plan at the end of August to forgive up to $20,000 in student debt for federal borrowers, the plan has been fraught with legal challenges. I think many of the court challenges have tried to shine light on that," Matthew said. "My generation, the millennial, Gen Z generation, are facing a significant problem with student-loan debt," he said. "This radical scheme must be eviscerated entirely, and Republicans will continue to support legal challenges to achieve that end."

☆ Student loan payments may not resume until August. Here's what borrowers need to know
▼ + stars: | 2022-11-26 | by ( Annie Nova | ) www.cnbc.com time to read: +8 min

With so much still up in the air, the Biden administration has pushed back the due date on student loan bills again. With previous extensions of the payment pause, the Education Department provided one date for when student loan bills would resume. Betsy Mayotte, president of The Institute of Student Loan Advisors, warned borrowers to first understand the federal protections they're giving up before they refinance. "Refinancing can generate a lower interest rate than federal student loan rates," Mayotte said. Could it make sense to still pay my student loans?

In the past two months, student loan forgiveness has been the target of two high-profile lawsuits. Meanwhile, the Biden administration responded by extending the student loan payment pause yet again. What's happening to student loan forgiveness? Since the status of student loan forgiveness remains in the air, the Biden administration has extended the student loan payment pause until the Supreme Court makes a ruling. Select ranked SoFi Student Loan Refinancing and Earnest Student Loan Refinancing as some of the best companies for refinancing student loans.

☆ Student-loan borrowers defrauded by Corinthian were promised $5.8 billion in relief 'immediately.' 6 months later Biden's Education Department says it'll take 'some time.'
▼ + stars: | 2022-11-25 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +6 min

In June, the Education Department approved a $5.8 billion loan discharge for former Corinthian students. Six months later, borrowers are still waiting, and the department said relief will now take "some time." Education Secretary Miguel Cardona said at the time that the impacted Corinthian borrowers will see their loans "immediately forgiven." This prompted Biden's Education Department to reform the process. Still, aside from the June announcement of relief, none of the Education Department's recent actions are giving Corinthian borrowers any certainty.

☆ Biden announced an extension of the student loan payment pause. These 3 factors will determine when you need to start making payments again.
▼ + stars: | 2022-11-23 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +3 min

Biden extended the student-loan payment pause through June 30, 2023 at the latest. The extension was in response to two federal courts that have blocked the debt relief. Payments could resume earlier if lawsuits are resolved before June 30. "So today, @USEDGov is announcing an extension of the pause on student loan repayment, interest, and collections." Even if the lawsuits are not resolved by June 30 and relief has not been permitted, borrowers will still have to resume student-loan payments 60 days after that date.

☆ Biden administration to extend payment pause on student loans until after June or when legal challenges resolve
▼ + stars: | 2022-11-22 | by ( Annie Nova | ) www.cnbc.com time to read: +2 min

The Biden administration on Tuesday announced that it will extend the payment pause on federal student loans until after June or when it's able to move forward with its debt forgiveness plan. Federal student loan bills had been scheduled to resume in January. The administration's move comes in response to a federal appeals court ruling last week that imposed a nationwide injunction on the debt relief plan. If it can't proceed with its policy and the legal challenges are still unfolding by June 30, 2023, student loan payments will restart 60 days after that. Federal student loan payments have been on pause since March 2020, when the coronavirus pandemic first hit the U.S. and crippled the economy.

☆ Biden extends the student-loan payment pause for another 6 months at most as his debt relief remains blocked in court
▼ + stars: | 2022-11-22 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +4 min

Biden just announced an extension of the student-loan payment pause no later than June 30, 2023. It comes as the debt relief remains blocked in federal courts. Biden's administration recently asked the Supreme Court to revive the debt relief. "Student debt cancellation will change and save lives, and no eligible borrower should have to pay a dime on their student loans until they receive the up to $20,000 in student debt cancellation they were promised by President Biden." At this point, it's unclear whether the Supreme Court will decide to revive the debt relief or dismiss the administration's appeal.

☆ Don’t worry if you didn’t get your student debt forgiveness approval yet—‘more are coming,’ Education Secretary says
▼ + stars: | 2022-11-21 | by ( Kamaron Mcnair | ) www.cnbc.com time to read: +2 min

Over the weekend, federal student loan borrowers who applied for President Joe Biden's debt forgiveness began receiving updates on their applications. Letters sent to borrowers via email let them know their forgiveness application had been approved and their servicer has also been notified. "Your application is complete and approved, and we will discharge your approved debt if and when we prevail in court," the letters continue. The administration is currently barred from accepting more applications for debt forgiveness. Check out: Borrowers react to student loan forgiveness: 'A huge weight has been lifted off of my shoulders'

☆ Millions of student-loan borrowers risk a 'financial catastrophe' if Biden doesn't 'immediately' extend the debt payment pause, 225 advocacy groups say
▼ + stars: | 2022-11-21 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +3 min

Over 200 advocacy groups urged Biden to extend the student-loan payment pause on Monday. After two federal courts blocked the relief, they said borrowers should not have to face payments. Two conservative lawsuits have blocked indefinitely the president's plan to forgive up to $20,000 in student loans for federal borrowers. The advocacy groups argued that until borrowers receive the relief they were promised, they cannot be forced back into repayment. The administration also appealed to a lower court the federal judge in Texas' decision to block the relief two weeks ago.

☆ One day after asking the Supreme Court to save its student-loan forgiveness plan, the Biden administration started notifying applicants they've been approved
▼ + stars: | 2022-11-20 | by ( Isabella Zavarise | ) www.businessinsider.com time to read: +2 min

The Biden administration began notifying applicants who have been approved for student-loan relief. The notifications came after the administration asked the Supreme Court to save its debt relief plan. "Your application is complete and approved, and we will discharge your approved debt if and when we prevail in court," Cardona wrote. The filing asked the Supreme Court to lift a ruling handed down Monday by an appeals court that continued the pause on the debt-relief program. According to the Biden administration, around 26 million people applied for student-loan relief and 16 million of those applications have been approved.

☆ Republicans identify 42 Biden administration officials they want to testify
▼ + stars: | 2022-11-18 | by ( David Morgan | ) www.reuters.com time to read: +3 min

WASHINGTON, Nov 18 (Reuters) - Republicans in the U.S. House of Representatives on Friday identified 42 employees from Democratic President Joe Biden's White House and administration, who they expect to testify next year after their party takes control of the chamber. There was no immediate response from the White House. The letters represent the House Judiciary Committee's first request for testimony and documents since Republicans won a narrower-than-expected House majority on Wednesday. Angered by the FBI seizure of classified documents from Trump's Florida home in August, Republicans accuse the Biden administration of politicizing the FBI and Justice Department. The Judiciary and Oversight probes are expected to be among a raft of Republican investigations into Biden and his administration next year.

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